Part VII Miscellaneous
Finance Act 1996 (1996 c 8) | Legislation

Part VII Miscellaneous

Security for tax

31

Where it appears to the Commissioners requisite to do so for the protection of the revenue they may require a registrable person, as a condition of his carrying out taxable activities, to give security (or further security) of such amount and in such manner as they may determine for the payment of any tax which is or may become due from him.

Assessments to penalties etc

32

(1)     Where a person is liable—

(a)     to a penalty under Part V of this Schedule, or

(b)     for interest under paragraph 26 or 27 above,

the Commissioners may, subject to sub-paragraph (2) below, assess the amount due by way of penalty or interest (as the case may be) and notify it to him accordingly; and the fact that any conduct giving rise to a penalty under Part V of this Schedule may have ceased before an assessment is made under this paragraph shall not affect the power of the Commissioners to make such an assessment.

(2)     In the case of the penalties and interest referred to in the following paragraphs of this sub-paragraph, the assessment under this paragraph shall

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